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(Bloomberg) The most ambitious attempt to set a high standard for carbon offsets is getting left behind as exchanges start trading contracts before the rules are finalized.
The Taskforce on Scaling Voluntary Carbon Markets, launched by former Bank of England Governor Mark Carney and Standard Chartered Chief Executive Officer Bill Winters, is populated by hundreds of bankers, airline executives, sustainability experts, commodities traders, scientists and other business leaders. On Thursday, after almost a year of internal wrangling, the group set out its final recommendations for how to define an offset, a sort of token that companies may use to cancel out their pollution.
Global banks plot voluntary carbon market platform to boost offset transparency
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Carbon offsetting: Global governance body to be formed this year
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